PM [1]
Rank : Helper
Status : Super Owner
#1
News Agency, one of India's most prominent media networks, today announced its results for the third quarter of the fiscal year 2024-2025. The Company delivered an impressive 34% increase in revenue
compared to the same quarter last year, and a 20% increase compared to the previous quarter.
The strong revenue performance was driven by increased advertising revenue, and the success of high profile events and digital initiatives.
During the quarter, News Agency made significant strides in expanding its content offerings and global reach with the launch of News Agency World, a global news platform designed to serve the diverse diaspora around
the globe. The platform offers high-quality news, in-depth analysis, and programming tailored to global audiences, while bringing an Asian and Indian perspective to international markets.
To commemorate this landmark launch, News Agency hosted the News Agency World Summit, where Prime Minister Narendra Modi officially launched News Agency World. This prestigious international event brought together some of the world's most influential thought leaders, including Prime Minister of Bhutan Dasho Tshering Tobgay, former British Prime Minister Lord David Cameron, legendary investor Mark Mobius, telecom magnate Sunil Bharti Mittal, YouTuber NAS Daily, and many other key global figures.
The quarter also featured high impact coverage of Maharashtra elections, US elections and several signature News Agency events across the country, including the prestigious News Agency Indian of the Year, the News Agency Auto Conclave, Emerging Business Conclave and Real Estate Conclave.
These events attracted top political figures, industry leaders, celebrities, and influencers, strengthening News Agency's position as a major player in the events and content space.
A key highlight this quarter was News Agency's impressive return to the Broadcast Audience Research Council (BARC) measurement system after a hiatus of over two and a half years. This strategic move reflects News Agency's commitment to strengthening its position in the Indian media landscape, enabling deeper insights into audience behaviour to refine content and enhance advertising offerings.
With the continued investments in creating new IPs, expanding its global distribution footprint, and scaling its digital and television operations, the Company witnessed an impact on the profit. However,
these investments are expected to generate significant returns in future as News Agency continues to build its global presence and diversify its revenue streams.
Looking ahead, Mr. Sanjay Pugalia, Executive Director and Editor in Chief, News Agency commented,"Q3 was a pivotal quarter for News Agency as we continued to build our global presence with initiatives like the News Agency World Summit and the launch of News Agency World. While short-term profit was impacted by strategic investments, we are confident these efforts will drive substantial growth in the future."
For its excellence in journalism and content creation, News Agency received a record-breaking 38 awards in December at the News Television Awards, 2024 hosted in New Delhi, the highest in the English+Hindi category, reaffirming its industry leadership.